Valspar Corp. (NYSE:VAL) saw strong trading volume on Thursday . 723,704 shares were traded during trading, an increase of 91% from the previous session’s volume of 379,001 shares.The stock last traded at $105.64 and had previously closed at $105.74.

A number of equities analysts have weighed in on the stock. Morgan Stanley reiterated a “sell” rating on shares of Valspar Corp. in a research report on Thursday, June 16th. Zacks Investment Research upgraded shares of Valspar Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, June 8th. Credit Suisse Group AG reiterated a “hold” rating on shares of Valspar Corp. in a research report on Thursday, May 26th. Finally, Vetr upgraded shares of Valspar Corp. from a “hold” rating to a “strong-buy” rating and set a $126.66 target price for the company in a research report on Monday, May 23rd. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a strong buy rating to the company. Valspar Corp. presently has an average rating of “Hold” and a consensus price target of $96.06.

The company has a market capitalization of $8.37 billion and a price-to-earnings ratio of 25.34. The stock’s 50 day moving average is $107.10 and its 200 day moving average is $99.59.

Valspar Corp. (NYSE:VAL) last issued its earnings results on Tuesday, May 24th. The company reported $1.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.26 by $0.04. During the same period last year, the business posted $1.11 earnings per share. The business earned $1.06 billion during the quarter, compared to analyst estimates of $1.12 billion. The business’s revenue was down 2.1% compared to the same quarter last year. Equities research analysts anticipate that Valspar Corp. will post $4.82 EPS for the current year.

Several large investors have added to or reduced their stakes in the stock. Morgan Stanley raised its stake in Valspar Corp. by 61.4% in the fourth quarter. Morgan Stanley now owns 314,230 shares of the company’s stock valued at $26,065,000 after buying an additional 119,485 shares during the last quarter. Bank of Montreal Can raised its stake in Valspar Corp. by 11.7% in the fourth quarter. Bank of Montreal Can now owns 15,847 shares of the company’s stock valued at $1,315,000 after buying an additional 1,666 shares during the last quarter. Atlantic Trust Group LLC raised its stake in Valspar Corp. by 5.2% in the fourth quarter. Atlantic Trust Group LLC now owns 14,499 shares of the company’s stock valued at $1,202,000 after buying an additional 716 shares during the last quarter. US Bancorp DE raised its stake in Valspar Corp. by 5.7% in the fourth quarter. US Bancorp DE now owns 223,460 shares of the company’s stock valued at $18,535,000 after buying an additional 12,134 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC raised its stake in Valspar Corp. by 0.9% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 106,647 shares of the company’s stock valued at $8,846,000 after buying an additional 935 shares during the last quarter.

The Valspar Corporation is engaged in developing, manufacturing and distributing a range of coatings, paints and related products. The Company operates through two segments: Coatings and Paints. The Coatings segment includes its industrial product lines and packaging product line. The Company offers decorative and protective coatings for metal, wood and plastic primarily for sale to original equipment manufacturing (OEM) customers in Africa, Asia, Australia, Europe, North America and South America.

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